In Resources

Western Australia Minister for Mines and Petroleum Norman Moore

State Budget 2010-11: Focus On New Jobs, Structural Reform And Safety In Resources Sector

Victor P Taffa

Major funding allocations announced today will boost the ongoing expansion of Western Australia’s resources industry, the creation of new jobs and the improvement of safety for workers in the resources sector.

The State Government has backed its recent overhaul of safety in the industry by approving funds for an additional 37 full-time employees in 2010 and 35 full-time employees in 2011 to support the implementation of improved safety service delivery.

Today’s Budget also included an annual allocation of $700,000 to establish world’s best practice regulation of WA’s budding uranium mining industry.

The Government’s focus on mining and petroleum approvals reform attracted $8 Million over the next four years to ensure a seamless, automated system that will deliver results in an acceptable time frame and cost to the industry and community.

 

Mines and Petroleum Minister Norman Moore said today that the resources industry was scheduled for a period of renewed strength.

“Liquefied natural gas projects such as the multi-billion dollar Gorgon and Pluto projects, iron ore expansions in the Pilbara and Mid-West, and new uranium and gold prospects are among the developments WA can anticipate.” Mr. Moore said.

“This year’s Budget is about maintaining the excellent level of growth and ensuring the State’s resources are managed responsibly and with maximum benefit to the community.”

“Ongoing approvals reforms, combined with the $80 Million Exploration Incentive Scheme funded through the Liberal-National Government’s Royalties for Regions program announced in last year’s Budget will continue to help WA develop its national and international reputation as a preferred destination for business.” Mr. Moore said.

“At the same time, the Government’s resources safety overhaul and careful regulation of uranium mining will ensure we do everything possible to maintain the health and wellbeing of workers and the wider community.”

The Minister said the Budget contained $5 Million over the next three years to effectively monitor and review carbon geosequestration activities for the massive Gorgon gas project.

“The carbon capture and storage project associated with Gorgon is set to put WA at the forefront of investigations into this emerging technology.” the Minister said.

Mr. Moore said a further $6 Million over four years was allocated to improve petroleum sector systems and processes.

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